headers wrap question

So let me get this straight, if the ATF cooler line leak sprayed ATF onto the headers and they weren't wrapped it wouldn't have caught on fire?
No, if they hadn't been wrapped the oil that was on the headers would have soon been burnt off or dissipated. The wrap was soaked in ATF and kept re-igniting. This was early in the availability of the wrap. The mfg's hadn't yet started telling people to coat it with something to keep oil out.